Staying: President says Galliani will remain in position at San Siro (Image: AFP)

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AC Milan president Silvio Berlusconi has announced that general manager Adriano Galliani will remain with the club - just 24 hours after Galliani himself declared his intention to resign.

Galliani had declared on Friday that he would be tendering his resignation at San Siro "whether we reach an agreement on a pay-off settlement or not."

The news came after board member Barbara Berlusconi spoke about restructuring the upper echelons of the club, which had apparently been viewed by Galliani as a way of pushing him through the exit door.

But speaking to the Milan TV channel, Berlusconi declared that Galliani "will stay in his position."